Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Steve Smith who wrote (3847)	1/14/1998 4:06:00 PM
From: TATRADER	Read Replies (3) of 7396

My bet of course on BFIT is down....i didn't see where all the volume was at today since I am not a daytrader, but if it came in the 20 7/16 area, it was distribution....The stock closed well off its high....Will await the tanking...Mark P.S. Note how the stock made a lower low today!!!! Not a good sign... Of course for me, it is a great sign....Ready to sit on top of slide and ride down...Further, no higher high....Distribution..... P.S.S. Check out Ultimate Oscillator...Stock is up, oscillator is down...Now, what does that mean????Oscillators are excellent at calling market turning points in mature trends or in sideways markets...This stock reminds me of GRNO...a mature trend.... P.S.S.S. My IMCC and XYLN did nice tankings today...In fact there was a 25,000 share sell at the close in IMCC....My SNUS,ORG,CREE,INTS, have also caught Asian cold....LRCX and ESV, well they are dead....

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